On Monday, Shares of Costco Wholesale Corporation (NASDAQ:COST), subtract -0.98% and closed at $151.01 in the last trading session. The last trading range of the stock ranges between $150.32 and $152.38. Costco Wholesale Corporation (“Costco” or the “Company”) ( NASDAQ : COST ) declared its response to the partial jury verdict returned recently in the case brought by Tiffany & Co. Proceedings will right away follow concerning the jury’s determination that Tiffany & Co. is entitled to an award of punitive damages. Because the jury’s deliberations are continuing, further comment is not appropriate at this time.
Costco presently operates 715 warehouses, counting 501 in the United States and Puerto Rico, 91 in Canada, 36 in Mexico, 28 in the United Kingdom, 25 in Japan, 12 in Korea, 12 in Taiwan, eight in Australia and two in Spain. The Company plans to open up to an additional nine new warehouses (counting one relocation) before the end of calendar year 2016. Costco also operates e-commerce web sites in the U.S., Canada, the United Kingdom, Mexico, Korea and Taiwan.
International Business Machines Corp. (NYSE:IBM), dropped -0.78% and closed at $157.61 in the last trading session. The last trading range of the stock ranges between $157.02 and $158.37. The company’s Market capitalization is $151.36 Billion with the total Outstanding Shares of 955.84 million. IBM (NYSE: IBM) recently unveiled a $200 million USD investment in the new global headquarters for its Watson Internet of Things (IoT) business in Munich, new IoT capabilities around Blockchain and security and an array of clients that are driving real outcomes by using Watson IoT technologies to draw insights from billions of sensors embedded in machines, cars, drones, ball bearings, pieces of equipment and even hospitals.
As part of a global investment of $3 billion USD designed to bring Watson cognitive computing to IoT, IBM has allocated more than $200 million USD to its global Watson IoT headquarters in Munich. The investment, one of the company’s leading ever in Europe, is in response to escalating demand from customers who are looking to transform their operations using a combination of IoT and Artificial Intelligence technologies. Presently IBM has 6,000 clients globally who are tapping Watson IoT solutions and services, up from 4,000 just 8 months ago.
The Watson IoT headquarters will be home to the first ever cognitive IoT Collaboratories – hands-on industry labs where clients and partners can work together with IBM’s 1,000 Munich-based researchers, engineers, developers and business experts to drive collaborative innovation in the automotive, electronics, manufacturing, healthcare and insurance industries. Together, they will tackle the toughest challenges of their respective industries; apply new concepts and technologies to build IoT solutions; develop and test new business models, solutions and services; and push the boundaries of what is possible with IoT.
Nucor Corporation (NYSE:NUE), lost -1.27% and closed at $48.82 in the last trading session. The last trading range of the stock ranges between $48.54 and $49.41. During the 52-week trading session the minimum price at which share price traded, registered at $33.90 and reached to max level of $57.08. Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; structural steel products comprising wide-flange beams, beam blanks, H-pilings, and sheet pilings; and bar steel products, such as blooms, billets, concrete reinforcing bars, merchant bars, and special bar quality products. This segment sells its products to steel service centers, fabricators, and manufacturers in automotive, energy, agricultural, heavy equipment, and transportation sectors. The Steel Products segment offers steel joists and joist girders, steel decks, fabricated concrete reinforcing and cold finished steel products, steel fasteners, metal building systems, steel gratings, and wire and wire mesh products to general contractors, fabricators, distributors, and manufacturers. Its products are used by contractors in constructing highways, bridges, reservoirs, utilities, hospitals, schools, airports, stadiums, and high-rise buildings. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, in addition to holds working interest in natural gas drilling programs. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for use in manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills, and other processors and consumers of various nonferrous metals. The company offers its products through its in-house sales forces, in addition to internal distribution and trading companies.